- Report: #175168
Report - Rebuttal - Arbitrate
Complaint Review: EMC MORTGAGE SERVICING
EMC MORTGAGE SERVICINGwww.emcmortgageservicing.com Irving, Texas U.S.A.
EMC MORTGAGE SERVICING Misapplication of payments ripoff Irving Texas
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My loan is a daily simple interst loan which means that interest is added daily. This means that when I send in a payment it should apply to the interest to that date and then the principle. EMC says they are not set up to accept this. If they are not set up to accept this type of payment structure they should not be servicing the account.
EMC has also failed to properly apply my payments in the months of August, Sept, Oct, Nov, Dec 2005. Because of an error in escrow calculation they were charging too much and customer service agreed to allow a lower payment but their computer system has not recognized it. I have sent in over 10 letters disputing the application of the payments and have had no response from EMC regarding the letters.
The OTS says they are not responsible for this company. I contacted the FTC they are not willing to take action against the company.
GRAND RAPIDS, Michigan
This report was posted on Ripoff Report on 02/07/2006 01:46 PM and is a permanent record located here: http://www.ripoffreport.com/r/EMC-MORTGAGE-SERVICING/Irving-Texas-75014/EMC-MORTGAGE-SERVICING-Misapplication-of-payments-ripoff-Irving-Texas-175168. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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